The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday: ** Jos. A. Bank Clothiers Inc has rebuffed a $1.5 billion takeover bid by Men's Wearhouse Inc, prompting its larger rival to explore other ways to satisfy investors' hunger for a merger of the suit retailers.** Loss-making Russian coal miner and steelmaker Mechel OAO plans to raise around $1 billion from the sale of assets in 2014 which would help it to offset $2 billion debt it has to repay next year, the company said.
Mechel OAO is a Russia-based integrated mining and steel company. Shares of MTL traded higher by 3.28% or $0.08/share to $2.52. In the past year, the shares have traded as low as $1.65 and as high as $7.47. On average, 2075160 shares of MTL exchange hands on a given day and today's volume is recorded at 1667924.
The Men's Wearhouse, Inc. is a specialty retailer of men's suits and a provider of tuxedo rental product in the United States and Canada. Shares of MW fell by 0.73% or $-0.38/share to $51.63. In the past year, the shares have traded as low as $27.47 and as high as $52.72. On average, 1429680 shares of MW exchange hands on a given day and today's volume is recorded at 627581.
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